Implied Volatility Mover
Deere (DE) is down $2.20 to $87.19 in active trading of 3.5 million shares and implied volatility in the options on the stock is moving higher. DE fell Wednesday after the company reported earnings and then is down again today after a brokerage downgraded the stock to Sell. Shares are lower and options volume on DE through midday includes 7,679 calls and 9,473 puts. Soon-to-expire May 87.5 puts and calls are the most actives and implied volatility in DE options is moving up 7 percent to 19.5.
Volume Signals
Aruba Networks (ARUN) options volume is running 6X the (22-day) average, with 32,000 contracts traded and put volume accounting for 55 percent of the volume.
James River Coal (JRCC) options volume is 13.5X, the average daily, with 31,000 contracts traded and call option volume representing 76 percent of the activity.
GameStop (GME) options volume is running 2.5X the average daily, with 26,000 contracts traded and put volume accounting 56 percent of the activity.
Increasing options activity is also being seen in Molycorp (MCP), Anglogold (AU), and Goodyear Tire (GT).
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